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Why off-plan properties are thriving in Dubai: Don't miss the May Expo
Why off-plan properties are thriving in Dubai: Don't miss the May Expo

Khaleej Times

time09-05-2025

  • Business
  • Khaleej Times

Why off-plan properties are thriving in Dubai: Don't miss the May Expo

Learn why off-plan sales lead Dubai's property market. Join the real estate event from May 16–18 to connect with developers and explore new launches Off-plan properties in Dubai made up 60% of transactions in 2024, which helped generate a 35.5% increase in property deals. From January to April, 2025, Dubai recorded a total sales transaction value of AED 159.69 billion, with all real estate transactions (including mortgages and gifts) totalling Dh216.3 billion, marking a 29.19% increase compared to Q1 2024. Off-plan were a significant driver, showing that investors have confidence in the city's long-term growth possibilities. The upcoming real estate event in Dubai, held from May 16-18, 2025, will bring attention to this exciting industry, providing an excellent opportunity to learn about new projects. It's a chance to dive into the market, connect with experts, and discover investment prospects. Why off-plan properties are in demand? Off-plan projects are becoming more and more popular because they are affordable and may generate profit in the future. Buyers can get a property with down payments as little as 10-20%, stretched out over several years. One more reason is the chance of a big increase in value, especially in areas that are growing quickly. In 2024, the Dubai Land Department reported 226,000 transactions with a total value of Dh761 billion, with off-plan sales being the most popular. Driven by a rising population (over 169,000 in 2024) and low unemployment, predictions for 2025 indicate a 5% yearly price increase and 7% rental yields, according to market analyses. Market Resilience and Growth Dubai's real estate industry is strong, despite global economic challenges including shifting oil prices and trade tensions. In 2024, the UAE saw Dh886 billion in real estate sales, with an anticipated 50% surge in property supply by 2026. Furthermore, government initiatives like Dubai Vision 2030, greater freehold areas, and long-term visas make the market even more attractive. By the end of 2025, more than 65,000 additional residential units are expected to be built, and infrastructure projects like the Dubai Metro Blue Line, set to be operational by 2029, will make it easier for residents to get around. The Expo: A showcase of top developers The upcoming property expo is an excellent chance to learn about off-plan properties and gain industry insights. Dubai's real estate event, hosted by Metropolitan Premium Properties, will provide a valuable platform for engagement. Taking place at Bluewaters Forum on Bluewaters Island, it will bring together over 20 developers, including Nakheel, DAMAC, Beyond, EMAAR, Sobha Realty, Binghatti, and more. Attendees can explore the latest off-plan developments, some featuring special offers exclusive to the event. For investors, it's an opportunity to see firsthand the projects driving Dubai's growth, while homebuyers can explore options that meet their needs. For stakeholders following price appreciation, yield stability, or inventory distribution, this is a helpful opportunity to evaluate how market fundamentals are aligning with policy objectives and economic data. Given the market's expected ongoing growth, this event is an important interaction for anyone wanting to get involved in Dubai's real estate scene.

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